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Geithner: Debt-limit deal will happen
Question of the Day
Treasury Secretary Timothy F. Geithner on Sunday predicted that Republicans and Democrats will reach a deal on raising the country’s $14.3 trillion debt ceiling.
“I want to make it perfectly clear that Congress will raise the debt ceiling,” Mr. Geithner said during an appearance on ABC’s “This Week.” “They told the president that on Wednesday in the White House.”
Fiscal conservatives in Congress have said they will oppose raising the debt ceiling unless Democrats make major concessions on reining in long-term deficit spending.
Mr. Geithner has been warning Republicans that a failure to approve the debt-ceiling increase would be a disaster for the global economy.
“We want Congress to put in place a comprehensive framework, a balanced framework, that can reduce our long-term deficits. And we’re going to work hard to do that,” he said on NBC’s “Meet the Press.”
Mr. Geithner and other Democrats who appeared on the Sunday talk shows, including Sen. Mark Warner of Virginia and Rep. Anthony Weiner of New York, signaled that Democrats were willing to compromise with Republicans on a long-term plan to reduce federal deficit spending.
But the Treasury secretary said the debt-limit vote should not be held hostage.
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About the Author
David Eldridge joined The Washington Times in 1999 and over the next seven years helped lead the paper’s coverage of regional politics and government, Sept. 11, and the sniper attacks of 2002. In 2006, he was named managing editor of the paper’s Web site. He came to The Times from the Telegraph in North Platte, Neb., where he served as ...
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